Landis +Gyr Selected by Bangalore Electricity Supply Company for High Volume Metering Contract

Kolkata, India and Sydney, Australia June 30, 2014 – Landis+Gyr, the leading global provider of integrated energy management products, has won a major contract from BESCOM to supply 1.7 million single phase digital electricity meters over the next twelve months. BESCOM is one of the most progressive utilities in southern India and is responsible for the distribution of power to eight districts in the state of Karnataka, including the city of Bangalore, with a population of over 13.9 million people.

“Landis+Gyr’s selection for this high volume meter award is the culmination of more than ten years of dedicated performance and prompt service support to BESCOM” said Sandip Mukherjee, CEO for Landis+Gyr India, “We are extremely proud of this award.”

This latest contract follows quickly after the one million plus meter award announced earlier with WBSEDCL.

“For the second time in less than a month, Landis+Gyr has been selected for a high volume meter contract with a leading utility in India,” added Oliver Iltisberger, Executive Vice President of Landis+Gyr Asia Pacific, “meeting customer expectations with high quality devices has been a clear and positive differentiator for us in this market.”

About Landis+Gyr Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,200 people with the sole mission of helping the world manage energy better.

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